Nifty opens around 11,300, Sensex falls 200 pts; Titan gains
It is a weak start for the benchmark indices on May 9 with Nifty opened around 11,300 level.
At 09:17 hrs IST, the Sensex is down 150.24 points at 37638.89, while Nifty down 39.70 points at 11319.80.
Yes Bank, Adani Ports, BPCL, UPL, Grasim, Gail, Cipla, HDFC, Power Grid, and RIL are trading lower, while on the other hand Hindalco, Britannia, Wipro, IOC, Coal India, and Hero Motocorp are among major gainers.
Among sectors, except metal, all other sectors are trading lower. The Nifty is trading flat in the pre-opening. The Nifty is down 11.10 points at 11348.40.
Titan, Bajaj Finance, Asian Paints are trading lower in the pre-opening session. Asian shares hit six-week lows in early trade on Thursday as increased tensions ahead of key Sino-US trade negotiations fanned fresh concerns about the outlook for the global economy. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 25 points or 0.22 percent. Nifty futures were trading around 11,378-level on the Singaporean Exchange. Good morning and welcome to the live coverage of all the action from D-Street. Stay tuned to this blog for all live updates from the market in India and around the world.
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